NOT LISTED FOR SALE

37 Butternut Ln Basking Ridge, NJ 07920

Estimated Value: $2,488,000 - $2,726,000

6 Beds
9 Baths
-- Sq Ft
9.32 Acres

Last Sold August 08, 2016

Last sale price $1,675,000

Est. 55% increase in value since last sale

Current estimated payment $16,666/month

145 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • 9.32 Acre Lot
  • Fireplace in Kitchen
  • Oak Street Elementary School Rated A
  • Colonial Architecture
  • Wooded Lot

About This Home

As of August 2016

Exquisite Design, Extraordinary Quality, Exceptional Location. Beautifully appointed custom home built by Mark Built (Michael Markovitz) on over 9 acres features incredible custom moldings, architectural details and gleaming hardwood and marble floors. Intimate library with Brazilian cherry floors, cabinetry, coffered ceiling and wainscoting. Meticulously designed chef's kitchen makes any celebration extraordinary. Six bedrooms including a master suite with spa bathroom, sitting room and separate office suite. Walk-out Entertainment Level offers media room with bar, wine cellar for over 1,350 bottles, hobby room and guest/au pair suite. Expansive bluestone terrace with brick detail and firepit spans rear of home with views to the secluded property beyond.

Last Agent to Sell the Property

ERICA LEVEY

KL SOTHEBY'S INT'L. REALTY Listed on: 01/15/2016

Last Buyer's Agent

JILL TURPIN

TURPIN REAL ESTATE, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,142

Year Built

  • Built in 2001

Lot Details

  • 9.32 Acre Lot
  • Cul-De-Sac
  • Open Lot
  • Sprinkler System
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Stone Driveway
  • Additional Parking

Home Design

  • Colonial Architecture
  • Stone Siding
  • Clapboard
  • Tile

Interior Spaces

  • Wet Bar
  • Sound System
  • High Ceiling
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Library
  • Storage Room
  • Utility Room
  • Home Gym
  • Attic

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Recirculated Exhaust Fan
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Instant Hot Water
  • Fireplace in Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • Cedar Closet
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • In-Law or Guest Suite
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Intercom
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Oak St Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 2702-00202-0000-00013-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,142

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2001
  • County Name: Somerset
  • Easements Description: conservation
  • Exclusions: see listing agent
  • Street Number Display: 37
  • Directions: Route 202 to Childs Road, turn onto Hardscrabble Rd, L on Butternut to #37
  • I D: 4591839
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: ERICA
  • First Name3: JILL
  • Last Name: LEVEY
  • Last Name3: TURPIN
  • Office Phone3: 908-766-6500
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Marble, Wood
  • Fireplace Description: Bedroom 1, Kitchen, Family Room
  • Number of Fireplaces: 3
  • Appliances: Freezer-Freestanding, Trash Compactor, Central Vacuum, Generator-Built-In, OvnWElec, Refrigerator, CookGas, Washer, Instant Hot Water, Dishwasher, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Interior Amenities: Cedar Closets, Intercom, Bar-Wet, Walk-In Closet, Security System, Fire Extinguisher, Carbon Monoxide Detector, High Ceilings, Stereo System, Smoke Detector
  • Number Rooms: 19
  • Bedrooms: 6
  • Master Bedroom Desc: Dressing Room, Fireplace, Sitting Room, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower, Jetted Tub
  • Bathrooms: 7.20
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Full, Walkout, Finished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Ground
  • Family Room Level: First
  • In Law Suite: Yes
  • Kitchen Area: Breakfast Bar, Center Island, Pantry
  • Kitchen Dim: 25x17
  • Kitchen Level: First
  • Living Room Dim: 14x23
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 12x14
  • Other Room1 Level: First
  • Other Room 2: Library
  • Other Room2 Dim: 16x13
  • Other Room2 Level: First
  • Other Room 3: Breakfast
  • Other Room3 Dim: 13x14
  • Other Room3 Level: First
  • Other Room 4: Office
  • Other Room4 Dim: 18x14
  • Other Room4 Level: Second
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Breakfast Room, Family Room, Kitchen, Powder Room, Foyer, Library, Dining Room, Living Room, Pantry
  • Level 2 Rooms: Bath(s) Other, Laundry Room, 4 Or More Bedrooms, Office
  • Level 3 Rooms: Attic
  • Ground Level Rooms: 1 Bedroom, Bath(s) Other, Exercise Room, Storage Room, Den, Utility Room, Walkout
  • Phone: 908-696-8600

Exterior Features

  • Exterior Description: Stone, Clapboard
  • Exterior Features: Patio, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Additional Parking, Crushed Stone, Blacktop

Utilities

  • Cooling: Central Air, 3 Units, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Multi-Zone, Forced Hot Air
  • Sewer: Septic
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: OAK ST
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: 9.3178AC
  • Assessed Improvement Value: 1177800
  • Assessed Land Value: 499800
  • Assessment: 1677600
  • Easement: Yes
  • Lot Description: Open Lot, Cul-De-Sac, Wooded Lot
  • Lot Identifier: 13
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 9.32

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 32142
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-00202-0000-00013-0000-
  • Tax Rate Amount: 1.916
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: OAK ST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2016
Closed on
Aug 4, 2016
Sold by
Mcglone Vincent J and Mcglone Denise B
Bought by
Valentino Matthew and Davi Veronica N
Seller's Agent
ERICA LEVEY
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
JILL TURPIN
TURPIN REAL ESTATE, INC.
List Price
$1,850,000
Sold Price
$1,675,000
Premium/Discount to List
-$175,000
-9.46%
Current Estimated Value
$2,602,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$927,016
Avg. Annual Appreciation
4.94%
Original Mortgage
$837,500
Outstanding Balance
$661,018
Interest Rate
3.15%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,940,998

Purchase Details

Closed on
Aug 8, 2001
Sold by
Mark Built Properties
Bought by
Mcglone Vincent and Mcglone Denise
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Valentino Matthew $1,675,000 Zinn Title Agency Llc
Mcglone Vincent $1,700,000 --
Mcglone Vincent $1,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentino Matthew $837,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2016 08/08/16 Sold $1,675,000 -9.5% --
06/08/2016 06/08/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $1,850,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $33,797 $2,055,600 $508,900 $1,546,700
2024 $33,797 $1,899,800 $462,100 $1,437,700
2023 $31,134 $1,650,800 $462,100 $1,188,700
2022 $32,073 $1,594,900 $462,100 $1,132,800
2021 $31,477 $1,491,800 $462,100 $1,029,700
2020 $33,759 $1,612,200 $454,500 $1,157,700
2019 $35,611 $1,750,800 $501,100 $1,249,700
2018 $32,647 $1,628,300 $501,100 $1,127,200
2017 $31,786 $1,598,100 $513,800 $1,084,300
2016 $31,993 $1,639,800 $475,800 $1,164,000
2015 $32,143 $1,677,600 $499,800 $1,177,800
2014 $33,882 $1,751,900 $539,800 $1,212,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    ERICA LEVEY

    KL SOTHEBY'S INT'L. REALTY

  • J

    Buyer's Agent in 2016

    JILL TURPIN

    TURPIN REAL ESTATE, INC.

    (908) 766-6500

    1 in this area

    24 Total Sales

    JILL TURPIN
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3275761

Garden State MLS

APN: 02-00202-0000-00013

New Jersey Somerset County Basking Ridge 07920

37 Butternut Ln, Basking Ridge, NJ

This home is located at 37 Butternut Ln, Basking Ridge, NJ 07920 since 15 January 2016 and is currently estimated at $2,602,016. This property was built in 2001. 37 Butternut Ln is a home located in Somerset County with nearby schools including Oak Street Elementary School, William Annin Middle School, and Ridge High School.

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